Whitestone Lanes buyer files to demolish it 97 days after $45M deed
The deed went on record June 30. The city's building department got a full-demolition application for the one-story alley less than three months after closing.
Urban Realty Partners moved on the Whitestone Lanes site in Flushing 97 days after it paid $45M for it. A deed dated June 18 transferred the property to Whitestone Owner LLC, in care of Urban Realty Partners, and a full-demolition application followed on Sept. 23.
Why it matters
A buyer that files to knock down a building within three months is telling the market it intends to clear the land, not hold the operating business. For developers and brokers working Queens, the filing is an early read on a large Flushing parcel moving toward redevelopment. It does not say what replaces the alley, so any new-building plan still has to be filed and approved separately.
The numbers
The deed, recorded in the city register on June 30, lists Mar Mar Realty LLC as seller and Whitestone Owner LLC as buyer, at $45,000,000. It conveys three lots on block 4370, at 30-05 Farrington Street and Linden Place. The Department of Buildings filing, job Q01459884-I1, names Urban Realty Partners LLC as owner and covers lot 15, at 30-05 Whitestone Expressway.
Our count from the two records: June 18 to Sept. 23 is 97 days. The filing describes full demolition of a one-story structure by mechanical means, with 35,500 sq ft of floor area and a stated cost of $125,000. It lists zero existing dwelling units. As of the latest record we pulled, the filing was in plan examiner review, which means the city had not yet signed off.
What’s next
Watch for three things on the same block: a new-building application, a construction loan recorded against the lots, and approval of this demolition job. Any of them would show how much of the site the buyer intends to build on. Until then, the only public facts are the price, the owner and the demolition request.
For more deals in the borough and across the city, see New York and our recent Queens deed coverage.
On the record
What we checked ourselves, and where you can check it too.
- Public record97 days from the June 18 deed to the Sept. 23 full-demolition filingView the record on a810-dobnow.nyc.gov
- Public recordThe deed conveys three tax lots on block 4370 in Queens (lots 1, 15 and 48), recorded June 30, while the demolition filing covers lot 15 onlyView the record on a836-acris.nyc.gov
Sources
- NYC Department of Finance, ACRISDeed, 30-05 Whitestone Expressway, Flushing, $45,000,000, dated June 18, 2026
- NYC Department of Buildings, DOB NOWJob filing Q01459884-I1, full demolition, filed Sept. 23, 2026